Apple Retail Stores Coming to India?

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indian business newspaper mint reports (via iphone hacks) apple may preparing open retail stores in india, dramatically increasing company's presence in country.

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apple inc. may open own shops following indian government allowing full ownership of single-brand retail stores foreign companies, according senior official of department of industrial policy , promotion (dipp).

maker of ipad , iphone has been in discussion department time , keen re-enter indian market after earlier bid in 2006, said official on condition of anonymity.

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according report, apple's interest comes indian regulators have eliminated ownership requirements had required single-brand retail outlets such apple stores have @ least 49% domestic investment.

1 potential hurdle remain, ventures high levels of foreign investment such apple offer required source 30% of product value small businesses in india. regulators appear willing address requirement depending on apple's official analysis of viability of retail effort in india.

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when asked whether 30% local sourcing clause hindrance, dipp official said, "let apple finalize business plan , investment wants make. if tell 30% sourcing problem, @ stage it," said.

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the report notes apple attempted create indian presence in 2006 tech support center, company quickly abandoned plans.

article link: apple retail stores coming india?

 

speaking indian, i'm waiting recursive jokes begin...

 

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